According to Ms. Flor, those difficulties arose from the design of the scheme, which gave the Maynilad concessionaire 90 per cent of the Government's foreign debt to service, and were made worse by shocks emanating from the devaluation of the peso in 1997, which forced the company to raise tariffs.
Flor, esas dificultades se debieron al concepto del plan, en virtud del cual la empresa concesionaria Maynilad se hizo cargo del 90% del servicio de la deuda externa del Gobierno, y se agudizaron por las repercusiones de la devaluación del peso en 1997, que obligaron a la empresa a elevar las tarifas.